Assume that you purchased a $1,000 convertible corporate bond. Also assume the bond can be converted to 18.5 shares of t

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answerhappygod
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Assume that you purchased a $1,000 convertible corporate bond. Also assume the bond can be converted to 18.5 shares of t

Post by answerhappygod »

Assume that you purchased a $1,000 convertible corporate bond.
Also assume the bond can be converted to 18.5 shares of the firm’s
stock. What is the dollar value that the stock must reach before
investors would consider converting to common
stock? (Round your answer to 2 decimal
places.)
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